Every day about 900 new #bitcoin worth $9,000,000 are created. Every day about 1,500 bitcoin worth $15,000...

Sure, let's also just walk everywhere. Fuck cars right? Fuck innovation and let's use what works.

Grab a fucking rope you boomer

americuck boomers were buying shitcoin in 2017, you should be thanking them

>Every day about 1,500 bitcoin worth $15,000,000 are lost forever
Wait, what? Is this real?

>it doesn't do anything
nothing else can do what bitcoin does you brainlet

In around 40-50 years. 95%+ of the btc will be forever lost. Just lol if you think this is substainable. And I´m not even countrin the coins that will be locked in managed funds. Lol, liquidity will be super super low

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well an sql database is lightyears ahead of the blockchain tech wise and performance wise.

>nothing else can do nothing

not really see the lost bitcoins are always proportional to the remaining supply. maybe liquidity will be low in btc but not in usd.

>OP actually think a shrinking supply is a good thing
KEK, you fucking retard. The supply will eventually shrink to zero. Your bitcoin will be worthless when it´s one of the few left in circulation, because there wouldnt be a secure bitcoin blockchain anymore

nothing else can do: trustless permissionless and secure publicly auditable ledger achieved by byzantine fault tolerant distributed consensus. it also has a mathematically hard capped supply which no natural asset in our universe has.

That means price will have to rise forever, which is impossible. Miners will have close to no revenue since there will be very few on chain transactions that generate fees. Mining will not be worth the hassle, and the hash rate will collapse. Btc blockchain is fundamentally flawed and satoshi is a con artist or a fool

t. 140 iq prodigy

okay here is your homework: keep multiplying any positive number with 0.9 until you reach zero. go ahead!

horses were million years of evolution, can go anywhere, no need for expensive infrastructure, and still nobody is using horses nowadays unless you are a faggot or a spoiled princess or both.

>That means price will have to rise forever, which is impossible.
bitcoin was explicitly designed for this purpose. and no people been yapping about miners but btc is the only pow crypto in existence where the miners make significant revenue in fees.

and having a hard max cap is bad. God, you´re dumb. Supply needs to be predictable, stable non dilutive inflation you fool
Pick up an economy book, retard. My self made pokemon cards created with tech that is impossible to replicate, also have a supply cap

by the time that happens I will have cashed out AGES AGO, we still have many S2F pumps to enjoy

this is the thing i think a lot of people have trouble with. bitcoin needs a lot of energy and processing power to actually work, once the incentive to provide that energy and processing power become not cost effective, or even if they still are cost effective, but other alternatives offer more opportunity, bitcoin will drop to zero. possibly almost instantly as once it starts, others will realize the game is up and pull out as much as possible as well.

yeah but blockchain is not a technological achievement or anything. it's just the least efficient way to store and handle data.
sql servers are like starships compared to the notebook that bitcoin is tech wise.
the only thing is bitcoin needs the blockchain for it's consensus mechanism. and sql servers are completely centralized of course.

that will when less and less people transact on the bitcoin blockchain. There will be no reason to use the bitcoin blockchain in the future, might just use something like wbtc or tzbtc. Bitcoin is flawed, and thats not even talking about the growing threat of selvfish mining and undercutting

>trustless permissionless and secure publicly auditable ledger achieved by byzantine fault tolerant distributed consensus
what is this good for

>and having a hard max cap is bad.
we will see in a hundred years. but remember bitcoin was always an experiment. it was intended to kick a door out of it's frame not to end all crypto development. it's just so very early bitcoin will have an excellent next decade.
morons and shitcoiners can't see it.

POW in itself is fundamentally flawed. POS will become more secure than POS in the future, so there will be ZERO reason to use POW. And dont feed me that crap about pow using energy that ootherwise would be wasted, it´s a huge cope, and only partially true

well if you don't want a trustless permissionless and secure publicly auditable ledger then nothing for you.
for me it is an escape vehicle for wealth. against inflation and government overreach.

Who cares? Just buy btc on ethereum network.

>POW in itself is fundamentally flawed.
yet there is no better on the horizon. every other scheme sacrifices one or two of the holy trinity. they all muck around trust and authority try to pretend it's not there.

>gets 51%'d

bitcoin has two advantages; security and liquidity. Too bad both of those metrics will decrease over time. When another crypto becomes more secure and liquid, it will be over for btc. Btc dont even have smart contracts baked into the protocol, what a joke. It´s also manipulated like crazy, and it will always stay that way, because it´s not suited for mass adpoption. If bitcoin would ever be mass adopted, it should have moved a lot closer to that than what it is currently

I warn you not to debate me. I have destroyed every buttcoiner in a debate.

>And dont feed me that crap about pow using energy that ootherwise would be wasted, it´s a huge cope, and only partially true

it's easily possible to use bitcoin like that. countries can't create overcapacity from sustainable energy sources because they have nowhere to store the electricity. bitcoin allows countries to turn excess electricity to stored economic energy.
this way bitcoin could alone reduce the greenhouse gases and pollution emitted by mankind by 40% by removing gas and coal buffers.